Barclays PLC Acquires 43,219 Shares of M/I Homes, Inc. (NYSE:MHO)

Barclays PLC increased its holdings in shares of M/I Homes, Inc. (NYSE:MHO) by 34.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,796 shares of the construction company’s stock after purchasing an additional 43,219 shares during the quarter. Barclays PLC owned 0.61% of M/I Homes worth $22,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Arkadios Wealth Advisors lifted its stake in M/I Homes by 4.2% during the 4th quarter. Arkadios Wealth Advisors now owns 2,226 shares of the construction company’s stock valued at $296,000 after acquiring an additional 90 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of M/I Homes by 3.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,787 shares of the construction company’s stock valued at $371,000 after purchasing an additional 98 shares during the last quarter. Bay Rivers Group lifted its position in M/I Homes by 2.7% during the fourth quarter. Bay Rivers Group now owns 4,911 shares of the construction company’s stock valued at $653,000 after purchasing an additional 128 shares during the period. Axxcess Wealth Management LLC lifted its position in M/I Homes by 5.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,437 shares of the construction company’s stock valued at $324,000 after purchasing an additional 131 shares during the period. Finally, Nvest Financial LLC boosted its holdings in M/I Homes by 7.8% in the fourth quarter. Nvest Financial LLC now owns 1,822 shares of the construction company’s stock worth $242,000 after purchasing an additional 132 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

M/I Homes Stock Up 1.7 %

MHO opened at $105.93 on Friday. M/I Homes, Inc. has a 1-year low of $100.22 and a 1-year high of $176.18. The firm’s 50 day simple moving average is $114.64 and its two-hundred day simple moving average is $136.46. The company has a current ratio of 7.65, a quick ratio of 1.93 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.87 billion, a PE ratio of 5.37 and a beta of 1.99.

M/I Homes (NYSE:MHO) last released its earnings results on Wednesday, January 29th. The construction company reported $4.71 earnings per share for the quarter, missing the consensus estimate of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. As a group, equities analysts forecast that M/I Homes, Inc. will post 18.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of M/I Homes from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Raymond James reiterated a “strong-buy” rating and set a $168.00 price objective (down previously from $210.00) on shares of M/I Homes in a research report on Thursday, January 30th. Finally, Seaport Res Ptn raised M/I Homes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.